Reuters 14 December 2012
Russia’s Summa buys transport group Fesco, brings in partner
Russian investment and trading group Summa has closed a deal to buy transport group Fesco, bringing GHP Group as a minority shareholder to the asset, Summa said on Friday. Summa agreed to buy businessman Sergei Generalov’s 56 percent in Fesco in June, and Summa’s group president Alexander Vinokurov said at the time it would make an offer to minority shareholders. Vinokurov indicated at the time that Summa ultimately wanted to buy a total of 70 percent of Fesco.
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